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Coinbase Launches Regulated Crypto Futures Across 26 European Countries

MiFID/CySEC licensing underpins a cash‑settled futures suite facing ESMA scrutiny of perpetuals.

Overview

  • Access is available on Coinbase Advanced in 26 markets including Germany, France and the Netherlands, with eligibility checks, KYC and funding in euros or USDC required.
  • Two contract types are offered: perpetual‑style futures with five‑year expiries, hourly funding and daily settlement, and dated monthly or quarterly contracts marked to market daily and cash‑settled at expiry.
  • The lineup spans Bitcoin, Ethereum and Solana futures plus a Mag7 + Crypto Equity Index Futures product that blends major tech stocks with crypto‑linked equities and BTC/ETH ETFs.
  • Select contracts allow up to 10x leverage, with most others in the 4x–5x range, and advertised trading fees start at 0.02% per contract excluding exchange, clearing and regulatory charges.
  • The service is provided by Coinbase Financial Services Europe Ltd. under CySEC oversight, launching weeks after ESMA warned many perpetuals may fall under CFD rules that could affect leverage and protections, which Coinbase has not yet detailed against its design.